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Welcome to Pleb Chain Radio, a live show brought to you by Plebs for Plebs, which focuses

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on the intersection of NOSTER and Bitcoin protocols.

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Join QW and Avi as they run down the weekly news and developments, breaking down the current

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thing and the future frontier with the foundation of decentralization, the builders, thinkers,

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doers, and plebs.

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All right, we are live.

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Welcome, gentle plebs, to the lightning-laced airwaves.

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Today is Friday, the 27th of June.

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This is episode 118 of Plebs Chain Radio,

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and it is 6 p.m. on the dot on the east coast of the United States.

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At the time of recording, we have a fun show ahead of you today.

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Plebianon, a.k.a. Brandon Carpelles,

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joins us to tell his story about exiting fiat.

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and entering Bitcoin full time.

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And just a reminder, folks,

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if you are listening to the show on Apple or Spotify,

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first of all, thank you for listening.

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But I would urge you to hit pause

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and switch over to the Fountain Podcasting app

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where you can earn some sats

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and support the value for value revolution

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as you listen.

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And while you're there,

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if you do hit subscribe,

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you help support the show

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and in turn get early access to this episode

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and every other episode, as well as exclusive access to our bonus episodes.

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This show is streamed live on zap.stream and any other Noster client

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that supports streaming such as Amethyst and Noster.

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And for our meme readout today, it is the three-frame Chad and NPC meme.

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In the top frame, we have a very disapproving-looking NPC who's telling the Chad.

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Who gave you permission to follow your dreams?

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And in the second frame, the Chad moves closer to the NPC.

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And in the final frame, the Chad whispers in the NPC's ear,

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I did.

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and you can see the look on the NPC's face.

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Collapse to the floor.

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And QW, you have been paying attention to Bitcoin and Nostoculture

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this past week.

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What have you seen?

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I think this would be a good time, Avi, to talk about Prague

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because, you know, it was something you've experienced.

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What, this is your third time?

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Third time in a row, that's correct.

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Third time.

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Is it getting more magical?

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or what's, I mean, was there any highs or lows or,

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I mean, obviously, you know,

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the hanging out with the plebs is always the bottom line,

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but anything that strike you?

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It was, I keep saying, QW,

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that there is no second best Bitcoin conference

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and I was certainly proven correct with this visit to Prague.

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That said, I would rank the previous two editions

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of Prague a little higher than this one,

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primarily because those two had a very, very strong,

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almost dominant cypherpunk vibe.

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This edition did have that, for sure,

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but there was, let's just say, a few more suit coiners

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and the NGU crowd who showed up.

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The paper pump, the paper punks.

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I love that

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the paper punks indeed

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so that was

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but apart from that

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just hanging out with folks like our guest

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Brandon and several others

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got to meet a lot of new folks

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got to

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reconnect with folks

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who I've seen in the past

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multiple times

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it's always like a family reunion

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almost

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across the pond like that

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You only get to see them when you actually go across the pond, right?

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So it's – I can feel that energy.

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And that's one of the reasons why I – you know, I know the Bitcoin conference is going back to Vegas again.

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And I did one day there.

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But I would totally just drive there again as fiat as it became or is becoming just to see people that I otherwise wouldn't.

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But probably avoid the conference.

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But anyways, I get the appeal.

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It's kind of like one of those reunions every year type of thing.

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Yeah.

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Yeah.

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So speaking of pleb events, Nostra Bama.

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And we're going to talk about this more next week with our guest.

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That's full on grassroots July 14th through the 17th, Mobile, Alabama.

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And I'll keep harping on this Lake Satoshi because I think our friend of the show, Rod

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Palmer, is going to be there.

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a friend of the show Rev Hoddle is going to be there

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even like the

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Ungovernable Misfit podcast

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they keep talking about it too

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so I think there's going to be

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I think that's going to be a very

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interesting event

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and I wish I was in

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Central Michigan for that

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for Lake Satoshi

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go ahead

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sorry so finish the dates

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August 1st through the 3rd

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is that

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one of those camping conferences or meetups?

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We had a show with Rev Hoddle.

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We talked about it.

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I'm trying to remember.

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It's been a while.

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Yeah, well, and it's also, you know,

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there's a lot of permaculture and trading,

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circular economy.

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People bring their foods, their crafts, their gifts.

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Whatever it is, they actually bring it there

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to create a circular economy.

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But a lot of education and very grassroots

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when you're camping.

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And like you said, Avi, you love camping, especially if it's just, you know, that's why you quit your job.

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And that's right.

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Under a bridge.

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Yeah, this is not the shade of a bridge.

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It would be the shade of the trees.

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But, you know, you might be able to adjust.

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And since your memory seems sharper than mine, especially with this show.

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I'm interested in it.

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You might not be.

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Did I, on that show, did I happen to mention that my preference, and this is the only reason why I won't be at Lake Satoshi, is my preference for indoor plumbing?

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You actually told me that two shows ago.

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And by the way, actually it's three shows ago, Avi, because I did two without you.

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One with Sam and one last week.

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So, I mean, it's weird even talking to you at this point.

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that's right the sam was the bonus episode yeah which yeah an excellent one i should say

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i did get you listen to i listened to i would say 80 of that one yeah we were supposed to do 60

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minutes and it went on to like 98 minutes uh uh started with eggs you know just cracked the egg

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to begin and i think there was a lot of real uh realism there um you know we had some fun but

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there's some real topics in there. I just thought it was a good conversation. Of course, when you're

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having it in person, it's a little different for me because it's kind of a one-on-one and no one

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else is around. So you kind of just get lost in the conversation. Then you look back, you're like,

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I don't even really, I can't quite remember everything we talked about. I hope we hit

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everything that I wanted to. But it was just an interesting situation. I'm happy and I thank

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fountain for the premium for pushing us to go different directions uh because it just challenges

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us right yeah certainly so speaking of local friends um you know i'm gonna stand on my soapbox

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as i deliver this roast avi nope unintended heather larson the whole reason songs aren't

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the whole reason songs aren't shorter has taken up a new job you know that job avi

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go ahead she actually she went back to radio so if she isn't detoxing from radio on her podcast

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she's actually on the radio giving uh the local radio here in phoenix she's become a crossbreed

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of mr drizzle and miss gridlock bringing arizona the excitement of always sunny weather report

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and red light running capital traffic report she is the third most accurate weather and traffic

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report behind the algorithm of Google and Apple. I wouldn't be surprised if she's just reading from

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the apps in the first place. The excitement of weather and traffic is that of a Monday morning

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office party. But really, we appreciate you, Heather, and I personally look forward to seeing

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you and the other local Nostrichs next July 22nd. We're having another, we're bringing it back.

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We're resurrecting Avi Noster PHX as a social mixer.

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So I love the fact that she's went back to radio after having a podcast called Radio Detox.

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It was kind of full circle.

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I think it's fitting.

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And, you know, shout out to Heather.

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She's doing big things.

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She's doing everything with Wrigley, the upendo.

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And, you know, it's all for the Alliance right now.

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They just announced actually the block parties next Saturday.

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So it's back on Pleb Independence Day, July 5th.

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So next Saturday, we're going back.

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And Avi, I'm sitting between...

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Things have changed, Avi.

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I have about eight terahash around me right now.

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I have a Nano 3S miner and a BitAxe.

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So I'm all in, buddy.

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So you're saying there's a chance.

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There's always a chance.

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Generational wealth, man.

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And QW, for our sermon today, it's the Genesis door is the exit.

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The fiat terminal sometimes feels like Sartre's drawing room in no exit.

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A fluorescent purgatory where clocks lie, the air never changes, and the loudspeaker recites eternal delay.

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Next train to freedom indeterminate.

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In that play, the doors are locked and the characters discover the cruel joke.

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There is no exit.

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Their prison is of their own making.

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Hell is other people, Garson mutters.

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But in truth, hell is also the resignation that nothing can change.

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Satoshi flipped the script.

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The Genesis block blew the hinges of that existential waiting room.

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A door swung wide, stamped with an invitation that needed no gatekeeper's signature.

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We could have walked out right then, but habit is a heavy sofa, and many kept sitting,

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arguing over lanyard colors while the open door let in the breeze of possibility.

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Look around.

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Some passengers still clutch resumes like boarding passes praying for a CNBC oracle or a bullish Fed to grant absolution They forget the play real lesson When you refuse to choose you already chosen

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Indecision is its own sentence. Meanwhile, block height rises, lightning invoices ping like

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impatient alerts and Nostra relays glow with chatter braver than the people typing it.

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So let's step through the exit that Sartre never offered. Trade quarterly OKRs for private keys,

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exit interviews for open source commits, and HR portals for zap storms that shout sat by sat,

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I back your weird idea

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Yes, the corridor beyond is dim and uncarpeted

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Some months, revenue will look like a meme stock on mute

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But at least the hallway leads somewhere

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And the floor creaks with your own footsteps

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Not someone else's marching orders

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Worried about uncertainty?

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Remember, a fiat paycheck already wagers

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your fate on somebody else's spreadsheet.

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Bitcoin wages it on math and ingenuity,

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far less capricious than the next quarterly memo.

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Job security is just a cubicle-shaped talisman.

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Trust instead the cryptographic compass

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that always points to self-sovereignty.

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And if anyone asked who unlocked the door,

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grin and point to the mirror.

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The permission slip in your pocket is dated January 3rd, 2009.

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Countersigned by nobody and everybody all at once.

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Management approved.

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Management is you.

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Broadcast boldly, build relentlessly.

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The time chain is live, the relay is listening,

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and the only thing still waiting is that unused exit you've been pretending isn't there.

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And that, QW, is a good segue into our guest segment.

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Brandon Carpelles, welcome to Plep Chain Radio.

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Thanks, guys, for having me.

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I'm not sure we really need to talk about anything anymore.

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That was an incredibly eloquent summary of everything I was planning on talking about here.

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Anything you want to plug before we're done here?

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Just get right into the plugs.

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Yeah, seriously. I think that's a wrap.

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I do have one. I do have a burning question. I'm sure Avi does after.

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But I read, so I saw your Anon name in Anoster, and I read it as Plebeianon.

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So Plebeianon, not Plebeianon, because I think it's coming from the Plebeian. Is that correct?

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Exactly.

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It was a portmanteau of plebeian and anonymous,

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and now I'm no longer anonymous, still a pleb.

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So I got half the portmanteau is still working for me.

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It's like the paper punks were talking about Avi.

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That's right, yeah.

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Exactly.

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I'm cypherpunk until it comes due, my money.

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Let's go.

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Still a plebe.

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Still a plebe.

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Just no longer A9.

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Excellent.

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Well, a second burning question for you on that note, Brandon.

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Your old fiat job comes back to you with an offer for you to return.

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10x your original salary.

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What do you do?

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Nah, man.

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I'm not doing it.

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I get where you're going with this.

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Maybe there's some number.

247
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but you know I don't know actually um you know the more that I think about it I

248
00:15:54,532 --> 00:16:02,272
had a very comfortable position the title of my speech in Prague was why I left my cushy

249
00:16:02,272 --> 00:16:11,332
corporate job to go work in Bitcoin and I if I kind of wanted that life that quote-unquote

250
00:16:11,332 --> 00:16:20,252
security, whatever you want to call it, I would have stayed. But I left because I, all of those

251
00:16:20,252 --> 00:16:26,172
things, man, that was so beautiful, everything about the prison that you're in when you're there.

252
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You have no freedom. You have no autonomy. You are beholden to management. And there was a situation

253
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when I was still working, the straw that broke the camel's back, where I effectively had my entire

254
00:16:40,652 --> 00:16:46,852
career, almost two decades, basically just shoved into the trash bin and said, you're not capable to

255
00:16:46,852 --> 00:16:54,772
do this. And what was I going to say? Those people were higher up in the organization than me, and

256
00:16:54,772 --> 00:17:00,332
there wasn't anything I could do about it. And that's just the way it was going to be. And I had

257
00:17:00,332 --> 00:17:07,572
been looking a long time to exit and get out. But that was just, I mean, you talk about centralized

258
00:17:07,572 --> 00:17:14,572
control systems that rely on one or a handful of individuals, the ultimate proof of state

259
00:17:14,572 --> 00:17:22,952
network. I'm not sure I could go back to that for a number. And I walked away from a very nice salary,

260
00:17:22,952 --> 00:17:34,632
lots of benefits. And I was capable of doing my job with not maximum effort. I put maximum effort

261
00:17:34,632 --> 00:17:41,652
in sometimes when it required it. And as I joined Sovereign and became the CEO, I'm working 10 times

262
00:17:41,652 --> 00:17:50,852
harder doing this. And I prefer to do this. I am less stressed. I feel like I'm in control. This is

263
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the exit door I wanted to walk through. And living it, I don't know. I don't think I could go back.

264
00:17:59,392 --> 00:18:05,192
I'm not sure. I mean, it would take it would take something really, really dire.

265
00:18:05,512 --> 00:18:14,592
And even then, I'm not I'm not sure I could go back, you know, knowing everything I know now and have seen going down the Bitcoin rabbit hole.

266
00:18:14,732 --> 00:18:20,792
And Avi, I know you just left your job. I would love to turn that question back on you and ask you the same thing.

267
00:18:21,112 --> 00:18:25,972
Well, not at this moment, Brandon. There's no there is no number that'll pull me back.

268
00:18:25,972 --> 00:18:29,192
He's just wondering what it looks like.

269
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Is the grass greener for him because he's got about a week left?

270
00:18:33,792 --> 00:18:35,452
The grass is so green.

271
00:18:37,272 --> 00:18:38,572
Looking for some hope.

272
00:18:41,472 --> 00:18:43,152
Some affirmation, right?

273
00:18:44,212 --> 00:18:44,652
Oh, yeah.

274
00:18:44,652 --> 00:18:52,752
Stories like these that you almost need to hear to kind of jump that, make that jump, because it's such a trust fall.

275
00:18:52,752 --> 00:18:56,432
You're really trusting in your own ability.

276
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And we end up kind of turning into hamsters instead of what we originally were as growing up in human nature.

277
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I always wanted to be something.

278
00:19:08,592 --> 00:19:18,392
And then you just end up in a revolving door and was doing the tasks that you don't believe in, I suppose.

279
00:19:20,452 --> 00:19:21,312
Sorry, Avi.

280
00:19:22,132 --> 00:19:26,612
Just a quick point there, Brandon, to what QW just said.

281
00:19:27,092 --> 00:19:30,332
What was remarkable for me about Prague, I mean, there were several remarkable things,

282
00:19:30,492 --> 00:19:36,472
but specifically about this trip was the number of people I talked to, yourself included,

283
00:19:37,212 --> 00:19:42,552
who gave me that, I mean, you could call it confirmation bias or affirmation or whatever it is,

284
00:19:42,932 --> 00:19:46,592
the number of people who said, yep, I did it, it was the best decision I ever made.

285
00:19:46,592 --> 00:19:55,152
at least 10 people, which I was listening to everyone saying, you know, I just did this. And

286
00:19:55,152 --> 00:20:01,712
it's almost as if by magic, the universe is conspiring to tell me it's going to be okay.

287
00:20:03,692 --> 00:20:09,652
It's 100% true. You know, I went to college back to what QW was saying. I went to college,

288
00:20:09,652 --> 00:20:15,472
one of my majors was entrepreneurship. And then I spent 20 years in corporate America,

289
00:20:15,472 --> 00:20:23,212
I wasn't doing anything entrepreneurial at all. And it's exactly like your, I don't know if I

290
00:20:23,212 --> 00:20:31,432
would call it a sonnet, a piece, a short story at the beginning, whatever you would call it,

291
00:20:31,812 --> 00:20:38,552
said was that you create the cage, you make your own cage. And there was no one keeping me there,

292
00:20:38,552 --> 00:20:40,352
There was nothing keeping me there.

293
00:20:40,672 --> 00:20:43,192
It's all trade-offs in your life.

294
00:20:43,552 --> 00:20:53,092
And at the end of the day, you have to decide which trade-offs are more important and which matter more to you.

295
00:20:53,212 --> 00:20:59,032
And it was just so abundantly clear that I had been making the wrong trade-off for so long.

296
00:20:59,352 --> 00:21:04,052
And there's never going to be a good time to get off the hamster wheel.

297
00:21:04,112 --> 00:21:05,552
That's why it's a hamster wheel.

298
00:21:05,652 --> 00:21:07,312
You have to keep going on it.

299
00:21:07,312 --> 00:21:08,972
And it's, I need the next paycheck.

300
00:21:09,212 --> 00:21:10,232
I need the next bonus.

301
00:21:10,472 --> 00:21:12,832
I need the next stock offering.

302
00:21:12,932 --> 00:21:14,872
I need the next promotion.

303
00:21:15,052 --> 00:21:18,152
I need the next move in the company, whatever it is.

304
00:21:18,152 --> 00:21:20,372
And that's forever ongoing.

305
00:21:20,772 --> 00:21:22,192
That will never end.

306
00:21:22,292 --> 00:21:23,532
And there's never a good time.

307
00:21:24,412 --> 00:21:27,352
When a hamster steps off the wheel, he does a somersault.

308
00:21:27,652 --> 00:21:29,452
And that's what's going to happen.

309
00:21:29,552 --> 00:21:31,472
And you just have to be willing to do that.

310
00:21:31,472 --> 00:21:40,592
so Brandon to the extent that you're comfortable talking about this what were you doing in your

311
00:21:40,592 --> 00:21:49,232
fiat job and then walk us through the last let's say decisive few months that led you to that

312
00:21:49,232 --> 00:21:58,592
momentous decision so I basically since 2008 I got pulled into the world of distressed assets I got

313
00:21:58,592 --> 00:22:04,352
asked to come help out during the great financial crisis when everything was on fire.

314
00:22:05,432 --> 00:22:07,752
Properties were being foreclosed upon.

315
00:22:07,912 --> 00:22:09,692
Businesses were being shut down.

316
00:22:10,152 --> 00:22:16,352
There was so much distressed credit out there that it was overwhelming for any financial

317
00:22:16,352 --> 00:22:19,072
institution to be able to handle.

318
00:22:19,072 --> 00:22:27,332
And across the commercial lending space, banks were putting together teams.

319
00:22:27,332 --> 00:22:31,032
They had various names, managed assets, special assets, workout.

320
00:22:31,712 --> 00:22:33,372
And it was all the same thing.

321
00:22:33,572 --> 00:22:38,112
Handle the problems, clean up the garbage, and make them go away.

322
00:22:38,112 --> 00:22:47,892
And we were in the thick of it, the real heart of the fire, for probably three to four years.

323
00:22:48,152 --> 00:22:50,252
And then it kind of tapered off.

324
00:22:50,352 --> 00:22:53,672
We went into ZERP, and things settled back down.

325
00:22:53,772 --> 00:22:57,292
And then the bubble was blowing up for the next decade or so.

326
00:22:57,332 --> 00:23:01,812
And I remained in that world because I liked it.

327
00:23:01,872 --> 00:23:03,112
I found it more challenging.

328
00:23:03,352 --> 00:23:10,692
I actually enjoyed the problem-solving nature of it, actually being able to work with businesses,

329
00:23:10,972 --> 00:23:16,392
work with owners on coming up with a plan to get out of a bad situation.

330
00:23:16,852 --> 00:23:38,344
And I actually did like that part of my job and I did find value in it and I did feel like I was helping business owners when those type of situations arose And there was some fulfillment in that And slowly the job kind of just morphed into more of

331
00:23:38,344 --> 00:23:45,204
an administrative, bureaucratic position, just checking boxes, moving papers around,

332
00:23:45,204 --> 00:23:51,264
and much less in the trenches, much less dealing with actual businesses.

333
00:23:51,264 --> 00:24:02,004
But I was still able to watch these businesses slowly erode away, have to take on more and more debt.

334
00:24:02,124 --> 00:24:04,644
And they didn't really understand what was going on.

335
00:24:04,724 --> 00:24:10,864
They didn't understand that, OK, they were, quote unquote, profitable, but their money was being debased.

336
00:24:10,864 --> 00:24:17,084
And it was leading to them having to take on ever more debt because they couldn't keep up with inflation.

337
00:24:17,964 --> 00:24:26,144
And 2020 came around and all the lockdown stuff and the lunacy that was all of that.

338
00:24:26,284 --> 00:24:30,224
I really went down the Bitcoin rabbit hole hard.

339
00:24:30,444 --> 00:24:38,704
I had owned some Bitcoin and held some Bitcoin years prior to that and understood sort of the value proposition,

340
00:24:38,704 --> 00:24:42,324
but not really fully orange-pilled and down the rabbit hole.

341
00:24:43,064 --> 00:24:46,884
And once I did that, I kind of started looking for the exits,

342
00:24:47,224 --> 00:24:50,224
that, okay, I have to go do something else here.

343
00:24:51,344 --> 00:24:53,764
I am in the fiat system.

344
00:24:53,884 --> 00:24:58,004
I am honestly part of the money creation apparatus.

345
00:24:58,384 --> 00:25:02,584
And ironically, my position in the bank, I was part of the money destruction apparatus

346
00:25:02,584 --> 00:25:05,424
because when you would have charge-offs or losses,

347
00:25:05,424 --> 00:25:08,044
you were actually taking dollars out of the system.

348
00:25:08,704 --> 00:25:30,164
But that's just a technical aside. And it just got to the point where I had less and less autonomy. I had less autonomy at 40 than I did at 30. And it was just becoming so overbearing, so oppressive. I couldn't get anything done. I wanted to.

349
00:25:30,164 --> 00:25:48,724
It was a centralized control system, like I mentioned earlier, and it got to a point where I was effectively taken off a deal that I was 100% correct about because senior management effectively didn't want to deal with it, address the problems.

350
00:25:48,724 --> 00:25:53,084
And they said, no, we'd rather sweep this under the rug and you keep quiet.

351
00:25:53,604 --> 00:25:59,464
And it was at that point that I made the decision that I'm out of here.

352
00:26:00,184 --> 00:26:11,544
And thank God for my wife, who has been incredibly supportive through all of this and understood 100% of what I was going through, is a Bitcoiner herself, which always helps.

353
00:26:11,544 --> 00:26:15,324
and definitely could not have done it

354
00:26:15,324 --> 00:26:17,664
if there was a familial situation

355
00:26:17,664 --> 00:26:21,804
where I was fighting the support on that front.

356
00:26:25,644 --> 00:26:27,484
Avi, have you told your wife yet?

357
00:26:28,184 --> 00:26:29,824
Not yet. Not yet.

358
00:26:31,264 --> 00:26:32,144
I have.

359
00:26:32,624 --> 00:26:34,824
Thank God she doesn't listen to the show, you know?

360
00:26:35,344 --> 00:26:35,604
Yeah.

361
00:26:35,604 --> 00:26:37,804
Is she a big supporter of you too, Avi?

362
00:26:37,804 --> 00:26:39,724
doing this.

363
00:26:39,844 --> 00:26:41,424
No, she was incredibly

364
00:26:41,424 --> 00:26:42,404
supportive.

365
00:26:43,364 --> 00:26:44,884
And she is a Bitcoiner, too.

366
00:26:45,444 --> 00:26:47,304
She's a very supportive. I can see.

367
00:26:48,024 --> 00:26:49,624
It's her nature to be

368
00:26:49,624 --> 00:26:51,364
supportive, I would assume,

369
00:26:51,584 --> 00:26:52,484
meeting her.

370
00:26:53,344 --> 00:26:55,784
You know...

371
00:26:55,784 --> 00:26:57,664
Go ahead, Brandon. I was just going to

372
00:26:57,664 --> 00:26:59,724
say, it's a reframing

373
00:26:59,724 --> 00:27:01,624
of everything all at once. It's like, what's

374
00:27:01,624 --> 00:27:02,124
important?

375
00:27:04,204 --> 00:27:05,844
Family, and

376
00:27:05,844 --> 00:27:07,324
to have the support of your family.

377
00:27:07,324 --> 00:27:11,364
I mean, that means more than any stupid job or anything else.

378
00:27:11,364 --> 00:27:33,224
And to just reframe everything in your life as to getting off the hamster wheel as opposed to being able to spend time with your family, pay attention to your family, and just have a sense of autonomy and freedom that you can do stuff with your family if and when you want.

379
00:27:33,224 --> 00:27:37,444
and you're not completely beholden to someone else's schedule.

380
00:27:37,744 --> 00:27:43,684
I just, you know, even you go back 120, 130 years,

381
00:27:43,804 --> 00:27:45,104
people never lived like this.

382
00:27:45,184 --> 00:27:48,124
They didn't go to some nine to five job that, let's be honest,

383
00:27:48,164 --> 00:27:51,404
you got to be up at six because you got to leave the house at seven,

384
00:27:51,544 --> 00:27:55,464
then you get in at eight, and then you maybe leave the office at six,

385
00:27:55,464 --> 00:27:58,604
and then it takes you 45 minutes to an hour to get home,

386
00:27:59,024 --> 00:28:01,764
and then you make dinner and there's no time for anything.

387
00:28:01,764 --> 00:28:08,944
the world never worked like that before and we're in this weird blip of time where we got stuck in

388
00:28:08,944 --> 00:28:15,924
these you know office jobs corporate jobs whatever you want to call them and we effectively just

389
00:28:15,924 --> 00:28:23,904
are having all of our time taken away to basically pay the next bill and it's it's lunacy when

390
00:28:23,904 --> 00:28:26,864
you step back and realize that that's what's going on

391
00:28:26,864 --> 00:28:34,624
yeah absolutely Brandon you know and just going back to the family thing I think in my case the

392
00:28:34,624 --> 00:28:40,904
thing that was that was most striking for me when I shared this with my wife my son who's 14

393
00:28:40,904 --> 00:28:47,604
my wife was of course supportive as I said and then my son basically over the next few days

394
00:28:47,604 --> 00:28:54,504
looked at me and said wow happy dad is back and I was like what did I become right you know when

395
00:28:54,504 --> 00:29:01,564
I'd heard him say that. And did you go through that, Brandon, where it was taking so much out

396
00:29:01,564 --> 00:29:08,784
of you that it just made you a worse person? Talk about from the mouth of babes. Wow. Yes,

397
00:29:09,004 --> 00:29:18,004
100%. I was miserable. I would complain about everything. Constantly was bringing home complaints

398
00:29:18,004 --> 00:29:23,724
about the organization, things that were going on. And just my general worldview, I was so much

399
00:29:23,724 --> 00:29:32,224
more agitated about whatever was going on and whatever crazy woke insanity was going on. I was

400
00:29:32,224 --> 00:29:42,164
agitated about that. Whatever fiscal irresponsibility was going on, it just all kind of agitated me.

401
00:29:42,164 --> 00:29:50,224
And as I was able to step out and step into the world of Bitcoin full time and have that be what

402
00:29:50,224 --> 00:30:00,864
I'm putting my time and energy into, I immediately felt a relief of all of this pressure, anxiety

403
00:30:00,864 --> 00:30:06,864
being lifted off of me, even though in theory I should be in a much more angst-inducing

404
00:30:06,864 --> 00:30:14,744
position, but I'm not. And it was affecting me as a husband. My son hadn't been born yet at the time,

405
00:30:14,744 --> 00:30:17,364
but absolutely I was a worse husband

406
00:30:17,364 --> 00:30:18,504
I was a worse friend

407
00:30:18,504 --> 00:30:20,904
I was a worse family member

408
00:30:20,904 --> 00:30:22,144
there's no doubt about it

409
00:30:22,144 --> 00:30:24,744
and what about

410
00:30:24,744 --> 00:30:27,124
this is another thing I found striking

411
00:30:27,124 --> 00:30:27,784
is

412
00:30:27,784 --> 00:30:30,344
well I'll ask you how

413
00:30:30,344 --> 00:30:32,304
this impacts you but

414
00:30:32,304 --> 00:30:35,344
when you open your eyes in the morning

415
00:30:35,344 --> 00:30:37,284
how does that feel now

416
00:30:37,284 --> 00:30:38,704
versus how that felt

417
00:30:38,704 --> 00:30:41,024
six months ago

418
00:30:41,024 --> 00:30:42,124
before you quit your job

419
00:30:42,124 --> 00:30:44,364
it's incredible

420
00:30:44,364 --> 00:31:05,724
It's so liberating. I wake up happy that I'm going to go work on what I'm going to do. I don't immediately feel stressed. I'll tell you, just having the notifications of my emails no longer on my phone, that alone has reduced my stress like 800%.

421
00:31:05,724 --> 00:31:11,884
and knowing that I'm not going to have to wake up at 6.05,

422
00:31:12,364 --> 00:31:15,524
look at my phone, check all the emails, check my calendar,

423
00:31:15,744 --> 00:31:17,084
see what's on it for the day.

424
00:31:17,564 --> 00:31:18,864
Okay, now I've got to do this.

425
00:31:18,944 --> 00:31:20,404
Now I'm rushing out of the house,

426
00:31:21,084 --> 00:31:27,944
and I wake up invigorated and ready to get after the day

427
00:31:27,944 --> 00:31:29,244
as opposed to dreading it.

428
00:31:29,684 --> 00:31:32,744
Yeah, and that's exactly how it's been.

429
00:31:32,804 --> 00:31:34,244
I still have a week left,

430
00:31:34,244 --> 00:31:40,084
but you know ever since i told them i've been uh i wake up every morning with so much to look

431
00:31:40,084 --> 00:31:47,104
forward to and i'd forgotten what that feels like man me too i one was i mean when was the last time

432
00:31:47,104 --> 00:31:52,904
maybe like college i felt that way or something it's been so long yeah

433
00:31:52,904 --> 00:32:02,404
qw does what he loves so he doesn't know what we're talking about i you know i have a family

434
00:32:02,404 --> 00:32:07,984
business of 68 years. Uh, I've, you know, there's, there's certain things where you are in that

435
00:32:07,984 --> 00:32:16,224
hamster wheel, but legacy and, uh, family business and tradition, uh, sometimes it's rewarding enough

436
00:32:16,224 --> 00:32:22,624
to, uh, to, to do the day to day where, you know, it's, it's, it's, I don't know. I mean, I, it's,

437
00:32:22,624 --> 00:32:28,204
it's, it follows a part of my heart, I suppose, but not my full heart. Well, that's another thing

438
00:32:28,204 --> 00:32:41,924
I was trying, actually, I was really struggling when I was writing my speech for Prague to, do I just want this focused on why I went into Bitcoin or why I went and did something that was rewarding?

439
00:32:42,144 --> 00:32:43,964
Because it doesn't have to be in Bitcoin.

440
00:32:44,144 --> 00:32:51,024
This isn't some, if you don't leave whatever job you're doing and come work in Bitcoin, you know, you're a sucker or whatever.

441
00:32:51,204 --> 00:32:53,044
That's not the message at all.

442
00:32:53,044 --> 00:32:56,724
It's just, I was doing a job that was not rewarding.

443
00:32:56,924 --> 00:32:57,924
It was not fulfilling.

444
00:32:58,204 --> 00:33:00,324
And I was getting nothing out of it.

445
00:33:00,324 --> 00:33:08,084
And there are so many jobs out there that have nothing to do with Bitcoin that are incredibly rewarding and people enjoy doing.

446
00:33:09,004 --> 00:33:14,284
And the overall message is get to whatever that is for yourself.

447
00:33:14,404 --> 00:33:15,624
It doesn't have to be Bitcoin.

448
00:33:15,804 --> 00:33:17,944
For me, it happened to be Bitcoin.

449
00:33:18,424 --> 00:33:25,744
But there is absolutely nothing wrong with just a normal job that's not in Bitcoin that you find fulfillment and reward with.

450
00:33:25,744 --> 00:33:31,064
yeah and i can always just make my family business uh try a bitcoin treasury company

451
00:33:31,064 --> 00:33:37,064
yeah if you uh if you need some advice on levering up uh 65 times i'm here to help

452
00:33:37,064 --> 00:33:45,064
everybody's a bitcoin company now you know that's all it comes down just just just be a treasury

453
00:33:45,064 --> 00:33:50,644
company you're good it's crazy we we've had people reaching out to us and and said hey can

454
00:33:50,644 --> 00:33:55,784
you help make me a Bitcoin treasury company? And I'll just respond, yeah, you just take your

455
00:33:55,784 --> 00:34:05,204
profits and store them in Bitcoin. What did I see today? Where is that? Gemini tokenized stocks

456
00:34:05,204 --> 00:34:12,064
have arrived. Our customers in the EU can now buy tokenized micro strategy on Gemini. So you

457
00:34:12,064 --> 00:34:16,844
papering over paper bitcoin companies just just what the eu needs

458
00:34:16,844 --> 00:34:25,644
oh yeah there is a rug there is a rug coming here folks it's just a matter of when well 100

459
00:34:25,644 --> 00:34:33,664
the only question is how big is the rug that's it it's it's it's some it's a weird economy right

460
00:34:33,664 --> 00:34:40,324
now i'll put it that way where i i don't know like 2008 crash you saw that one kind of coming

461
00:34:40,324 --> 00:34:46,324
people were getting i spoke with sam he got a he got a house in that time and he didn't have

462
00:34:46,324 --> 00:34:51,744
anything to qualify for it you saw kind of how that was happening but with covid the supply

463
00:34:51,744 --> 00:34:59,804
strain as a company all the inventory was not even there but 40 of the usd was printed in a year

464
00:34:59,804 --> 00:35:15,735
it just such a weird cycle um and you everyone thinks the crash is coming but it like we about to start printing more I mean it just doesn make any sense I don know I just ranting at this point but middle class is taking a bath

465
00:35:16,575 --> 00:35:22,196
I mean, that was kind of the first awakening I had was 08, 09, actually working for a financial

466
00:35:22,196 --> 00:35:27,956
company, and we were forced to take TARP, and we didn't need it.

467
00:35:28,055 --> 00:35:33,095
We were actually a responsible institution, as much as any fractional reserve institution

468
00:35:33,095 --> 00:35:34,035
can be responsible.

469
00:35:34,335 --> 00:35:41,295
Um, and I just remember asking, well, where did that money come from?

470
00:35:41,515 --> 00:35:46,135
And basically getting the answer that it was, well, the Federal Reserve, what do you mean?

471
00:35:46,196 --> 00:35:46,936
Where did it come from?

472
00:35:46,975 --> 00:35:49,635
The Federal Reserve, where did they get it?

473
00:35:49,715 --> 00:35:51,715
Like, we didn't, we didn't have this one.

474
00:35:51,795 --> 00:35:52,595
Where did they get it?

475
00:35:52,615 --> 00:35:55,535
I mean, this isn't the savings of the nation.

476
00:35:55,535 --> 00:35:56,995
Like, we don't have this money.

477
00:35:56,995 --> 00:36:10,696
And that was an eye-opening experience for me that, wow, this whole system is completely ridiculous and is just playing cards and popsicle sticks.

478
00:36:11,356 --> 00:36:13,975
Yeah. Rand Paul had a tweet yesterday.

479
00:36:14,335 --> 00:36:17,115
Congress spends $2 trillion more than its revenues.

480
00:36:17,356 --> 00:36:18,775
The Fed then buys this debt.

481
00:36:19,275 --> 00:36:20,975
Congress then pays the Fed interest.

482
00:36:21,396 --> 00:36:24,436
The Fed then pays interest to big banks to keep cash reserves.

483
00:36:24,436 --> 00:36:31,655
this is how government makes the rich richer and what's so messed up is they actually have to do

484
00:36:31,655 --> 00:36:37,196
that if they don't do that the system will collapse and that's the the crazy thing about

485
00:36:37,196 --> 00:36:42,876
all these fiat economists and everything they're actually correct with their everything they say

486
00:36:42,876 --> 00:36:50,275
is actually right but it's within the fiat system that they are right and so yes your your

487
00:36:50,275 --> 00:37:00,535
assessment and analysis of the machinations of the fiat system are accurate. It's just the whole

488
00:37:00,535 --> 00:37:07,835
system is a total scam. So you're exactly right. You've correctly identified how the scam functions.

489
00:37:07,835 --> 00:37:14,295
You just don't realize that it's a scam. And deflation is like the arch nemesis of this

490
00:37:14,295 --> 00:37:19,555
current system. Yeah, and it's true. If things got cheaper for me at the grocery store,

491
00:37:19,555 --> 00:37:20,615
everything would crumble.

492
00:37:21,175 --> 00:37:22,775
Yeah, the whole thing would go.

493
00:37:23,175 --> 00:37:26,835
If people stopped buying worthless crap from China,

494
00:37:26,916 --> 00:37:28,155
the whole thing falls apart.

495
00:37:29,436 --> 00:37:31,396
Well, deflation is the enemy, right?

496
00:37:31,555 --> 00:37:34,555
Because deflation makes the monetary weight

497
00:37:34,555 --> 00:37:38,775
of any pile of money a lot more.

498
00:37:38,995 --> 00:37:41,515
So you have this whole pile of debt sitting there.

499
00:37:41,675 --> 00:37:43,275
If suddenly deflation happens,

500
00:37:43,376 --> 00:37:45,396
the debt gets a lot heavier.

501
00:37:45,896 --> 00:37:47,675
So they cannot have deflation.

502
00:37:47,675 --> 00:37:53,555
And you have to run trade deficits because you're the world reserve currency.

503
00:37:53,916 --> 00:37:58,135
And so it's just ever impossible to reel anything back in.

504
00:37:58,295 --> 00:38:00,856
And I think Elon figured that one out pretty quickly.

505
00:38:02,615 --> 00:38:05,916
Yeah, that was interesting.

506
00:38:06,436 --> 00:38:07,275
That was fun.

507
00:38:08,055 --> 00:38:11,696
Oh, the whole system is completely borked.

508
00:38:12,635 --> 00:38:12,995
All right.

509
00:38:12,995 --> 00:38:18,035
Like, wait, I cut all this spending out, and then you just made this package to spend even more?

510
00:38:18,275 --> 00:38:19,095
It's like, okay.

511
00:38:19,436 --> 00:38:20,376
Because we have to.

512
00:38:20,715 --> 00:38:22,275
Because we have to, yeah.

513
00:38:22,696 --> 00:38:25,436
It's a sick cycle.

514
00:38:26,135 --> 00:38:29,255
And it's tough as a family, you know, small business.

515
00:38:31,475 --> 00:38:33,535
We've seen it cycle after cycle.

516
00:38:34,535 --> 00:38:41,055
And it's the goods that we sell, you know, they're getting twice as much as they were 10 years ago,

517
00:38:41,055 --> 00:38:43,035
and they're twice as shitty, right?

518
00:38:43,715 --> 00:38:51,196
I mean, that's another huge part of why I left to go do what I did

519
00:38:51,196 --> 00:38:55,735
was I was watching these businesses have their input costs go through the roof.

520
00:38:56,295 --> 00:38:59,315
And when you're running a company, most of these people,

521
00:38:59,575 --> 00:39:07,155
you get your quarterly reports and everything 45 days kind of after the quarter ends.

522
00:39:07,235 --> 00:39:08,775
And so everything's backwards looking.

523
00:39:08,775 --> 00:39:14,075
You don't realize you're losing tons of money until you actually see it on paper.

524
00:39:14,715 --> 00:39:21,055
And so many of these companies would look at their numbers and just go, oh, my gosh, I'm losing all this money.

525
00:39:21,175 --> 00:39:22,675
How is this even possible?

526
00:39:22,896 --> 00:39:32,615
And it's like you had no idea how much your input cost increased and you just weren't able to pass it along to the customer fast enough.

527
00:39:33,315 --> 00:39:37,376
Additionally, a lot of times you price your customers out of the market.

528
00:39:37,376 --> 00:39:41,936
that they're no longer willing to buy at this new price point.

529
00:39:42,456 --> 00:39:45,795
And these business owners had no idea what was going on.

530
00:39:45,956 --> 00:39:47,015
They couldn't figure it out.

531
00:39:47,235 --> 00:39:52,035
They didn't understand that there is a solution to this problem.

532
00:39:52,035 --> 00:39:55,775
And that was a huge part of why I wanted to come work at Sovereign

533
00:39:55,775 --> 00:39:58,695
and help businesses figure this out.

534
00:40:00,515 --> 00:40:04,555
So talk a little bit about Sovereign then, the company that you started.

535
00:40:05,015 --> 00:40:07,075
So actually, let's run back the clock.

536
00:40:07,376 --> 00:40:09,175
You quit in December, correct?

537
00:40:12,335 --> 00:40:15,635
Well, just going back a step.

538
00:40:16,015 --> 00:40:18,755
So technically, I did not start this company.

539
00:40:19,315 --> 00:40:26,595
Our founder, Daniel Frank, who's in Denmark, founded this, and a bunch of people put in a lot of work.

540
00:40:26,735 --> 00:40:31,396
I came on board as a consultant independent contractor in November

541
00:40:31,396 --> 00:40:39,015
and got approval from my fiat overlords to do a whole five hours a week of consultation

542
00:40:39,015 --> 00:40:47,495
should it arise. And then at the end of 24, beginning of 25, I started talking with our

543
00:40:47,495 --> 00:40:53,396
founder, Daniel, about taking on a bigger role in the company. He really just had too much on his

544
00:40:53,396 --> 00:40:59,916
plate. He needed basically someone to help him run the company and take a lot of the day-to-day

545
00:40:59,916 --> 00:41:07,035
stuff, the operations, the financials, all that off his plate. And it was at that point, the

546
00:41:07,035 --> 00:41:12,655
situation I described earlier was happening. And I had to make a choice that if I wanted to go do

547
00:41:12,655 --> 00:41:19,235
this, I couldn't have one foot in fiat land and one foot in this new role I had to fully commit.

548
00:41:20,155 --> 00:41:28,295
And I made that decision in January. However, I told my company in March of this year,

549
00:41:28,295 --> 00:41:38,335
and then officially joined Sovereign as the CEO, I believe it was March 15th was my first official day.

550
00:41:38,775 --> 00:41:41,055
So that was the timeline.

551
00:41:43,215 --> 00:41:45,856
Got it. So tell us a little bit about Sovereign.

552
00:41:46,396 --> 00:41:49,856
What is the company setting out to do?

553
00:41:50,595 --> 00:41:53,315
So our job is pretty simple.

554
00:41:53,476 --> 00:41:54,275
It's an old school.

555
00:41:54,535 --> 00:41:56,055
It's nothing fancy.

556
00:41:56,055 --> 00:42:00,615
It's just an old school business consultation services company.

557
00:42:01,175 --> 00:42:14,555
And we charge an hourly rate and discount it if you would like to have packages or different levels of service or on-call availability or higher touch, whatever it is.

558
00:42:14,655 --> 00:42:20,635
But we're basically helping educate companies about Bitcoin if they need it.

559
00:42:20,635 --> 00:42:34,356
If they're already educated, then we'll just move to step two, which is helping onboard them, custody, meet them where they're at with what they're asking for, and then ultimately integrate it into their business.

560
00:42:34,356 --> 00:42:50,876
So accepting payments, treasury status, or I don't even like saying treasury status anymore, just balance sheet cash for Bitcoin, long-term planning with Bitcoin as capital for the business.

561
00:42:50,876 --> 00:42:59,535
And we do have a lot of people like myself whose old day job was business consulting operations, that sort of thing.

562
00:42:59,655 --> 00:43:09,456
And to the extent the company would ask for that, we would happily step in as well and come up with sort of an operational financial plan incorporating Bitcoin as well.

563
00:43:09,575 --> 00:43:18,715
But that's not really the meat of what we do is educating, onboarding, and then integrating Bitcoin and payments into the company.

564
00:43:19,535 --> 00:43:23,515
So walk us through, I would say, a hypothetical example.

565
00:43:23,735 --> 00:43:25,356
I guess you don't want to dox your clients, right?

566
00:43:25,356 --> 00:43:33,075
But just pick a typical company in a sector who would be interested in Sovereign's consulting services,

567
00:43:33,075 --> 00:43:40,856
and then walk us through what that process from step one through whatever the last step is, what that looks like.

568
00:43:41,335 --> 00:43:48,335
So we have found that most of our customers are sort of warm leads, if you will.

569
00:43:48,335 --> 00:43:53,155
they're coming through referrals. And we do have a referral program on our website. If anyone

570
00:43:53,155 --> 00:43:59,916
listening to this, any of the plebs want to go on our website and you have a business owner that

571
00:43:59,916 --> 00:44:05,775
has talked to you about Bitcoin, but you just maybe don't feel comfortable sitting down with

572
00:44:05,775 --> 00:44:12,155
them talking about it, or it's just overwhelming for you. And there's a lot of people that going

573
00:44:12,155 --> 00:44:19,035
through the process, fully orange pilling, getting a proper cold storage set up, especially at a

574
00:44:19,035 --> 00:44:23,896
company where you're going to have sometimes multiple executives signing. You might have

575
00:44:23,896 --> 00:44:28,675
different divisions that will need to sign things. And that could just be overwhelming and daunting.

576
00:44:29,135 --> 00:44:35,675
And we provide the opportunity for you to just sort of pass that customer on to us. And we do

577
00:44:35,675 --> 00:44:42,635
pay a referral fee in those instances. And the customer would kind of come in, okay,

578
00:44:43,715 --> 00:44:50,815
excuse me, I've heard about Bitcoin. I know about Bitcoin. I'm ready to get going. And we would step

579
00:44:50,815 --> 00:44:56,635
in and we would say, okay, here's our pricing. It's nothing fancy, just a standard hourly rate.

580
00:44:57,356 --> 00:45:02,835
And we'll come in and at the end of half a day, a full day, two days, depending on how much you

581
00:45:02,835 --> 00:45:08,275
want, here's what we'll get done for you. We'll have you set up on an exchange. We'll have you

582
00:45:08,275 --> 00:45:15,795
set up, able to sell, send to your own wallets. And we'll have you with the ability to accept

583
00:45:15,795 --> 00:45:22,035
payments in Bitcoin and hold it on your balance sheet. And that's the offering we will have.

584
00:45:22,195 --> 00:45:29,095
And then say we're available for any follow-up, any services after that. And to the extent you

585
00:45:29,095 --> 00:45:36,055
want to talk about strategy or long-term planning when it comes to Bitcoin in your business,

586
00:45:36,215 --> 00:45:42,575
we're there for that as well. So that's kind of the three-step process, getting in there,

587
00:45:43,295 --> 00:45:48,835
giving them a proposal on what we can get done in a day or two, getting them set up,

588
00:45:49,095 --> 00:45:51,956
and then being there for them on the back end afterwards.

589
00:45:51,956 --> 00:45:59,675
what would uh an example company be or what sect would it be like a restaurant or maybe

590
00:45:59,675 --> 00:46:07,075
uh you know a parts manufacturer like yeah just what does a sample company look like

591
00:46:07,075 --> 00:46:14,416
yes so honestly it's anyone that's in business it doesn't have to be a bitcoin company um there are

592
00:46:14,416 --> 00:46:18,896
some bitcoin companies that probably could use our services but for the most part yeah we're talking

593
00:46:18,896 --> 00:46:27,155
to, you know, real estate companies, dental practices, parts manufacturers, and it's just

594
00:46:27,155 --> 00:46:34,055
people running normal businesses that want to have a better unit of account. And that's what

595
00:46:34,055 --> 00:46:41,795
we're there to do. Additionally, things like churches, HOAs, nonprofits, these organizations

596
00:46:41,795 --> 00:46:48,735
that sit on a lot of cash and don't really have a good way to protect themselves against the

597
00:46:48,735 --> 00:46:52,396
debasement that comes from holding dollars.

598
00:46:52,447 --> 00:46:58,407
A lot of my wife used to work in the nonprofit space and I sit on the board of a nonprofit and

599
00:46:58,407 --> 00:47:04,647
a lot of these organizations just hold a ton of cash and it's like, oh, well, we have this

600
00:47:04,647 --> 00:47:11,167
earmarked for this project in 2029. It's like, well, 2029 is going to roll around and you have

601
00:47:11,167 --> 00:47:16,967
no idea what percentage of that project is going to be able to be funded with those dollars because

602
00:47:16,967 --> 00:47:25,087
you have no idea what the monetary policy is going to be. And that is another source of

603
00:47:25,087 --> 00:47:31,227
business for organizations and companies that we're trying to help as well.

604
00:47:32,627 --> 00:47:37,947
So let's say I'm a restaurant, Brandon, and I come up to you and say, hey, I've heard about

605
00:47:37,947 --> 00:47:43,807
this Bitcoin thing. I heard I can set it up for my payments. I need to figure out the whole tax

606
00:47:43,807 --> 00:47:46,967
It's an accounting situation because capital gains, blah, blah, blah.

607
00:47:48,367 --> 00:47:49,327
Can you help me?

608
00:47:49,467 --> 00:47:55,447
So how would you help a restaurant who's not necessarily run by Bitcoiners

609
00:47:55,447 --> 00:48:00,267
but who are interested in getting a point of sale set up

610
00:48:00,267 --> 00:48:02,087
and then handling the taxes and accounting?

611
00:48:03,327 --> 00:48:06,087
Well, first of all, I'd ask you if you're using any seed oils,

612
00:48:06,727 --> 00:48:08,367
and then we'd talk about that.

613
00:48:09,527 --> 00:48:10,387
Well played.

614
00:48:10,387 --> 00:48:31,507
In all seriousness, we would come in and we would talk to them. Preferably, we would like to have them in a self-custody setup, a BTC pay server, running their own node, able to accept Lightning payments over that. I don't know if, Avi, I know you're in New York. I'm sure you've been to PubKey.

615
00:48:31,507 --> 00:48:38,627
I mean, that's ultimately the setup we would ideally have for a bar restaurant is basically what PubKey has going on there.

616
00:48:38,907 --> 00:48:45,987
Now, if they're unwilling to do that, if they're unwilling, you know, we would come in, set it all up for them.

617
00:48:46,027 --> 00:48:50,207
They wouldn't have to do anything. Obviously, there would be some training of the staff that would have to go on.

618
00:48:50,907 --> 00:49:00,107
But if that's not in the cards, then we would look to something like a ZapRite or a Flash where you could just generate a quick invoice.

619
00:49:00,107 --> 00:49:06,207
It's not perfect, but we could get them set up on something like that all the way down to just something.

620
00:49:06,547 --> 00:49:10,947
Hey, we're going to get, you know, one to two people paying in Bitcoin per day.

621
00:49:11,067 --> 00:49:12,287
It's not that big of a deal.

622
00:49:12,427 --> 00:49:19,007
We'll just get them set up on their own lightning wallet and, you know, on a mobile device or something like that.

623
00:49:19,047 --> 00:49:25,127
And then show them how to sweep it into cold storage, you know, some number that they're comfortable with.

624
00:49:25,127 --> 00:49:30,887
right and i guess the easy scenario there is if they're not selling their bitcoin right if they

625
00:49:30,887 --> 00:49:36,287
because it's just a fraction of one percent of their sales they just move it to cold storage

626
00:49:36,287 --> 00:49:42,007
either at the end of the day end of the week whatever it might be uh but i've i'm asking

627
00:49:42,007 --> 00:49:47,887
because this is something i'm i'm curious about if if especially in the u.s if you're going to go

628
00:49:47,887 --> 00:49:54,107
around orange pilling restaurants and getting them to accept bitcoin the question they're almost

629
00:49:54,107 --> 00:49:58,367
definitely going to ask is, yeah, but I got to pay my staff in cash. So I need to convert this

630
00:49:58,367 --> 00:50:03,807
into cash somehow. And I'm wondering if there is some kind of accounting, automated accounting

631
00:50:03,807 --> 00:50:09,947
system in place that you can plug into, into the point of sale that allows them to keep track of,

632
00:50:10,167 --> 00:50:14,567
you know, well, you know, you can sell it, you can end up selling Bitcoin at a gain or a loss,

633
00:50:14,667 --> 00:50:19,587
and they might end up canceling each other out. But someone has to keep track of that, right?

634
00:50:19,587 --> 00:50:44,387
Sure. We have a good friend of the company, Jordan Guess, who actually just joined Satoshi Picholi as a tax person there. He's working on some software. It's called Bitment, and it does exactly that. It will do all your accounting for you. You can plug in your QuickBooks. You can plug in whatever, and as long as you have a log of those transactions, it'll quickly figure all of that out for you.

635
00:50:44,387 --> 00:50:58,987
Additionally, we can, as much as it pains me to say it, but we could do a situation where we could have some portion of it converted to fiat right at point of sale for only the bills that need to be paid.

636
00:50:58,987 --> 00:51:04,867
You know, we would advise that, OK, understood, you need to pay your electric bill.

637
00:51:05,287 --> 00:51:08,407
You need to pay your staff.

638
00:51:09,047 --> 00:51:14,647
And in reality, it's probably going to be, unfortunately, I wish this weren't the case,

639
00:51:14,687 --> 00:51:20,127
unless it's something like a pub key where tons of Bitcoiners go and patronize the place.

640
00:51:20,747 --> 00:51:27,547
The Bitcoin probably should be able to be held without having to be converted to fiat.

641
00:51:27,867 --> 00:51:32,287
It's probably going to be such a small percent of your receipts that you shouldn't need that

642
00:51:32,287 --> 00:51:33,967
to pay bills.

643
00:51:33,967 --> 00:51:54,727
But if there is a case where you do need some portion of the Bitcoin payments coming in as a restaurant to be converted to cash, then I would personally advise that you just do it at the point of receipt so you don't have to worry about any of the tax implications anyways.

644
00:51:55,347 --> 00:51:56,827
What happens in that scenario?

645
00:51:57,087 --> 00:52:02,547
Is it just zero capital gains because you're buying and it's essentially buying and selling at the exact same price?

646
00:52:02,547 --> 00:52:23,827
Exactly right. That's exactly right. So that would be the tax advice. Obviously, as I said, from a financial prudence advice standpoint, I would hope to convince them to just hold on to it and keep it on the balance sheet and use it for something down the road.

647
00:52:23,827 --> 00:52:30,507
hey man gradually then suddenly i'll take it if they accept bitcoin to start with and and if they

648
00:52:30,507 --> 00:52:36,647
convert it to fiat that's okay they'll figure it out soon enough yeah i think steak and shake is uh

649
00:52:36,647 --> 00:52:43,707
taking saving their bitcoin yeah i don't know i i i've heard uh conflicting reports on that i don't

650
00:52:43,707 --> 00:52:48,667
know if you guys know but i i i thought they were converting it all to fiat but then i heard maybe

651
00:52:48,667 --> 00:52:53,647
they were keeping some of it well you got to get on the treasury game you know agreed

652
00:52:53,647 --> 00:52:55,887
I mean, how can you not be a Bitcoin treasury company?

653
00:52:56,147 --> 00:52:58,327
That's just a sucker's move right now.

654
00:52:58,367 --> 00:53:00,727
I think MetaPlanet owns one hotel.

655
00:53:02,087 --> 00:53:02,607
Yeah.

656
00:53:04,227 --> 00:53:04,747
Maybe.

657
00:53:05,567 --> 00:53:07,487
I could be wrong.

658
00:53:08,167 --> 00:53:09,627
That's that account, Pleditor.

659
00:53:09,987 --> 00:53:12,707
I rarely go on Twitter when I go on that.

660
00:53:12,847 --> 00:53:16,347
I check out that Pleditor guy because he's like the bearish guy ever,

661
00:53:16,547 --> 00:53:18,007
and it's kind of comical to me.

662
00:53:18,567 --> 00:53:20,367
Just always calling things out.

663
00:53:20,367 --> 00:53:20,967
Yeah.

664
00:53:20,967 --> 00:53:23,647
Yeah, he's right sometimes.

665
00:53:24,247 --> 00:53:29,447
Yeah, well, hey, every broken clock's right twice a day or whatever.

666
00:53:30,087 --> 00:53:34,407
But Avi, back to your point, or to your question, rather,

667
00:53:35,187 --> 00:53:41,787
there are software implementations available to track all that stuff,

668
00:53:41,787 --> 00:53:43,967
to streamline it and make it simple.

669
00:53:44,407 --> 00:53:48,267
So we, again, gets back to, I hate to say this answer

670
00:53:48,267 --> 00:53:50,447
because it was like my job as well.

671
00:53:50,447 --> 00:54:16,307
It really depends on the customer. It depends on the situation. Like that is also part of the value we add to a business is that we'll come in, we'll assess your company, what your needs are, meet you where you're at and tailor a package and set of parameters that make sense for you and your company. And we like to think that's part of part of the value we provide to the transaction as well.

672
00:54:16,307 --> 00:54:24,067
yeah you know one of the things one of my goals is to try and you know so brandon now that i'm a

673
00:54:24,067 --> 00:54:28,367
free man i'm like there's like a hundred different things i want to do in bitcoin right right it i

674
00:54:28,367 --> 00:54:33,707
was the same way i was like now i now i have 10 times the amount of things i need to get done

675
00:54:33,707 --> 00:54:40,627
right so one of the things i want to do is fill up btc map on um uh in new york and and then we

676
00:54:40,627 --> 00:54:46,267
it spread out. But some of the questions I'm grappling with is, well, first of all, lightning,

677
00:54:46,427 --> 00:54:52,207
right, which is just with the whole channels and everything, is a huge headache, inbound

678
00:54:52,207 --> 00:54:58,767
liquidity and all that stuff. Now, the new Breeze SDK has been a game changer because

679
00:54:58,767 --> 00:55:04,807
now you can use liquid and now suddenly this Misty Breeze thing that they have. So that

680
00:55:04,807 --> 00:55:07,247
that inbound liquidity thing is gone.

681
00:55:07,947 --> 00:55:11,247
So now it's just a question of reaching out to restaurants,

682
00:55:11,327 --> 00:55:14,027
maybe having some kind of white glove service

683
00:55:14,027 --> 00:55:18,727
like the Geek Squad that goes restaurant to restaurant,

684
00:55:18,867 --> 00:55:20,407
orange builds them, gets them set up,

685
00:55:20,647 --> 00:55:23,047
hooks up the stack stuff, and they're good to go

686
00:55:23,047 --> 00:55:26,227
so they can accept Bitcoin and anything else.

687
00:55:26,367 --> 00:55:28,227
I mean, that's basically what we're doing.

688
00:55:28,487 --> 00:55:30,907
I mean, we're doing that for restaurants,

689
00:55:31,467 --> 00:55:33,967
for dental practices, medical practices,

690
00:55:33,967 --> 00:55:40,907
nonprofits i mean that's exactly what we're doing going in saying hey we're going to try to orange

691
00:55:40,907 --> 00:55:45,647
pill you then we're going to get you set up and then we're going to show you how all this works

692
00:55:45,647 --> 00:55:53,547
how receptive do you think that'll be avi in new york uh and versus let's say chicago too i mean to

693
00:55:53,547 --> 00:56:02,587
me both of those places are kind of uh hubs of the usd there are there are people man uh you'd be

694
00:56:02,587 --> 00:56:04,747
surprised. I know New York City

695
00:56:04,747 --> 00:56:06,487
is trying to elect a communist right now,

696
00:56:06,587 --> 00:56:08,167
but there are people there

697
00:56:08,167 --> 00:56:10,707
who'd be open to

698
00:56:10,707 --> 00:56:12,487
it, if presented correctly.

699
00:56:13,607 --> 00:56:14,707
Well, and that's the other thing

700
00:56:14,707 --> 00:56:16,767
too. Like, I'll

701
00:56:16,767 --> 00:56:18,307
go into my barber,

702
00:56:18,707 --> 00:56:20,367
and I got

703
00:56:20,367 --> 00:56:22,007
them accepting Bitcoin.

704
00:56:23,047 --> 00:56:24,707
Or I'll go to a

705
00:56:24,707 --> 00:56:26,607
place, a farmer's market,

706
00:56:27,347 --> 00:56:28,687
and there's a few places

707
00:56:28,687 --> 00:56:30,667
there that a bunch of us from

708
00:56:30,667 --> 00:56:32,507
Chicago BitDevs have gotten

709
00:56:32,507 --> 00:56:34,207
to start accepting Bitcoin.

710
00:56:34,207 --> 00:56:41,387
And so it doesn't necessarily, we're probably not going to go in and orange pill my former

711
00:56:41,387 --> 00:56:57,483
employer that works across from the Federal Reserve but you can find business just business owners understand what going on They get it So I would say that the area where you going to have more receptive

712
00:56:57,483 --> 00:57:02,143
people. People that are more prone to cash transactions because it's essentially kind of

713
00:57:02,143 --> 00:57:08,003
instant settlement with cash. Yeah. And just more entrepreneurial. Electronic cash. Yeah. That

714
00:57:08,003 --> 00:57:12,443
understand what's going on here and see firsthand.

715
00:57:12,763 --> 00:57:20,763
They don't have walled gardens, giant moats, access to public markets, preferential treatment.

716
00:57:21,243 --> 00:57:26,343
They're the ones that are having to grind away in the trenches to make their company work.

717
00:57:26,343 --> 00:57:29,883
And they see firsthand what's going on with their money.

718
00:57:33,963 --> 00:57:37,463
So what's next for Sovereign?

719
00:57:37,463 --> 00:57:40,643
just keep growing, filling up that BTC map.

720
00:57:41,003 --> 00:57:44,183
I hope you're tagging these places once you get them on board, Brandon.

721
00:57:44,663 --> 00:57:49,623
Now that you mentioned it, Avi, I'm going to 100% make sure we do that,

722
00:57:49,863 --> 00:57:52,243
and that will get done.

723
00:57:52,983 --> 00:57:54,663
And, yes, that's the plan.

724
00:57:54,883 --> 00:58:01,803
We basically, as of last week, finalized our full sales team of people

725
00:58:01,803 --> 00:58:05,583
to go out to these businesses to do the orange pilling, to get them set up.

726
00:58:05,583 --> 00:58:09,043
and now it's just kind of full steam ahead.

727
00:58:09,363 --> 00:58:12,223
We just get as many at-bats as we can

728
00:58:12,223 --> 00:58:14,823
and try to convert as many businesses

729
00:58:14,823 --> 00:58:17,403
to the best money that's ever existed.

730
00:58:20,643 --> 00:58:21,383
Love it.

731
00:58:21,843 --> 00:58:23,263
So changing tracks here, Brandon,

732
00:58:23,883 --> 00:58:26,323
you doxed yourself recently, right?

733
00:58:26,383 --> 00:58:29,143
You were anonymous for the longest time

734
00:58:29,143 --> 00:58:30,263
and then you doxed yourself.

735
00:58:30,823 --> 00:58:33,363
What was the thinking there?

736
00:58:35,583 --> 00:59:00,183
The thinking there was I had been on NOSTER for quite a while, and I was part of the group that came over with the Dorsey money and had really given a lot of support to Damus, to Will, and LSAT and the team over there and really just appreciated what everyone was doing on NOSTER.

737
00:59:00,183 --> 00:59:10,343
and had built up a, I mean, nothing to, no record-breaking numbers or anything,

738
00:59:10,463 --> 00:59:14,463
but just had built up, you know, more than just, you know, quote-unquote followers,

739
00:59:14,603 --> 00:59:17,103
because on Nostra, you don't even know how many you have anyways,

740
00:59:17,103 --> 00:59:19,583
but just a rapport within the community.

741
00:59:20,503 --> 00:59:23,823
And I wanted to leverage that.

742
00:59:23,823 --> 00:59:35,063
And I also, as CEO of Sovereign, I also aim to run Sovereign with the same ethos of Noster, of decentralized.

743
00:59:35,623 --> 00:59:40,663
We're not going to advise people on how to become Bitcoin treasury companies.

744
00:59:41,023 --> 00:59:42,763
And I wanted the ethos to carry over.

745
00:59:42,923 --> 00:59:52,563
And I wanted the rapport that had been established on Noster between me and everyone else on there to be reflected in the company.

746
00:59:52,563 --> 00:59:55,863
and I was going to be a public persona anyways.

747
00:59:56,583 --> 00:59:59,403
And I basically made the choice that,

748
00:59:59,403 --> 01:00:02,523
hey, when I leave this fiat job

749
01:00:02,523 --> 01:00:06,023
and go work as a CEO of what I hope to be,

750
01:00:06,123 --> 01:00:08,343
a large Bitcoin company one day,

751
01:00:08,743 --> 01:00:10,283
that I'm going to be known,

752
01:00:10,443 --> 01:00:11,903
people are going to know who I am.

753
01:00:12,283 --> 01:00:14,743
So let's just rip the Band-Aid off.

754
01:00:15,203 --> 01:00:16,123
Let's go for it.

755
01:00:16,283 --> 01:00:20,703
And I'm hoping that people will look at Sovereign

756
01:00:20,703 --> 01:00:24,983
as a reflection of me and my personality on Nostra.

757
01:00:25,103 --> 01:00:26,963
Well, the people that like me,

758
01:00:27,083 --> 01:00:28,743
I'm sure there's plenty of people on Nostra

759
01:00:28,743 --> 01:00:31,663
that think differently of me,

760
01:00:31,783 --> 01:00:35,023
but the ones that I have a good relationship with,

761
01:00:35,163 --> 01:00:38,623
like I want that to carry over to Sovereign

762
01:00:38,623 --> 01:00:41,943
and like, oh, hey, this isn't just some company

763
01:00:41,943 --> 01:00:45,083
that's coming on here to try to grift to everyone

764
01:00:45,083 --> 01:00:48,003
and we're on here just trying to advertise

765
01:00:48,003 --> 01:00:53,503
and click on this link and buy this and listen to this and watch that.

766
01:00:53,643 --> 01:00:55,663
Like, that's really not what I wanted.

767
01:00:55,803 --> 01:00:59,663
And I didn't think it would be possible to continue to stay anonymous,

768
01:00:59,663 --> 01:01:06,523
try to start a profile that was my actual name and person

769
01:01:06,523 --> 01:01:10,623
and meld the two things together in the way that I wanted to.

770
01:01:10,623 --> 01:01:13,883
you know Avi I follow

771
01:01:13,883 --> 01:01:17,783
I follow him because of his culinary

772
01:01:17,783 --> 01:01:19,503
meat expertise

773
01:01:19,503 --> 01:01:25,623
how much of your followers just wait for that next

774
01:01:25,623 --> 01:01:28,923
steak picture a lot man that easily

775
01:01:28,923 --> 01:01:33,383
the most response I get from anything is the pictures of steak

776
01:01:33,383 --> 01:01:36,643
or brisket which I'll be making one on Sunday so

777
01:01:36,643 --> 01:01:40,603
stay tuned followers we'll have some nice how deep in the plebe

778
01:01:40,603 --> 01:01:50,083
ethos, are you? Or plebe ethos for you? I'm pretty hardcore. I mean, I, I believe, really,

779
01:01:50,303 --> 01:01:56,423
and you guys were talking about Rev Hodl at the beginning of the show, and Rev's a friend,

780
01:01:56,423 --> 01:02:05,783
and I buy meat and stuff from him every year. And I buy a cow from a guy who accepts Bitcoin,

781
01:02:05,783 --> 01:02:07,083
who's part of the Beef Initiative.

782
01:02:07,503 --> 01:02:11,023
I am currently on Sovereign's podcast,

783
01:02:11,143 --> 01:02:12,343
the Bitcoin Business Podcast.

784
01:02:12,803 --> 01:02:15,323
I'm interviewing tons of people from Noster

785
01:02:15,323 --> 01:02:17,443
who sell their wares for Bitcoin.

786
01:02:17,663 --> 01:02:20,363
And I just want to talk to business owners,

787
01:02:20,743 --> 01:02:24,463
entrepreneurs who have made the jump

788
01:02:24,463 --> 01:02:27,883
to what we're trying to educate people about,

789
01:02:27,883 --> 01:02:29,043
business owners about,

790
01:02:29,703 --> 01:02:31,503
and hear their story and tell their story

791
01:02:31,503 --> 01:02:34,183
and hopefully get that out to other business owners

792
01:02:34,183 --> 01:02:35,723
to hear that, hey, there's a lot of people

793
01:02:35,723 --> 01:02:41,503
doing this. There's new avenues of marketing. And I really value what these people are doing.

794
01:02:41,743 --> 01:02:50,963
And that's the ethos I want to have transmute from Sovereign to the customers, to the businesses

795
01:02:50,963 --> 01:02:58,403
we're working with. And I value hard work. I value value for value. If you're producing something

796
01:02:58,403 --> 01:03:04,083
good, I want to pay you in good money for it. And I'm appreciative of it. And I would much rather

797
01:03:04,083 --> 01:03:09,583
paying more for a higher quality product, something we talk about a lot on the program.

798
01:03:09,823 --> 01:03:12,423
And that's something that Bitcoiners value.

799
01:03:12,823 --> 01:03:21,383
And I would say a huge part of why I'm doing this is to hopefully help bring quality back

800
01:03:21,383 --> 01:03:27,083
to businesses and allow business owners to step off the hamster wheel, just like we did,

801
01:03:27,123 --> 01:03:30,103
so that they can focus on their craft, focus on their product.

802
01:03:30,243 --> 01:03:32,623
And that's really what's driving me.

803
01:03:32,623 --> 01:03:42,903
It's not about financial engineering or figuring out fiat arbitrages and not that that shouldn't exist or isn't going to exist or isn't a reality.

804
01:03:42,903 --> 01:03:57,543
But I mean, I would say the sort of plebe ethos of getting your getting some dirt under the fingernails, rolling up your sleeves and creating something that other people value and are willing to pay real money for.

805
01:03:57,543 --> 01:04:03,683
that that's the kind of the heart of who I am and what I believe in and what I'm trying to bring to

806
01:04:03,683 --> 01:04:11,203
Sovereign. Have you lathered yourself in Soap Miner's tallow yet? I interviewed Soap Miner

807
01:04:11,203 --> 01:04:22,343
yesterday and I told him that my wife bought like a like a The Road. You ever see that movie

808
01:04:22,343 --> 01:04:30,743
with, oh gosh, it's like apocalyptic movies, like the last guy left on earth, Viggo, I think it's

809
01:04:30,743 --> 01:04:40,023
Viggo. She bought like the road level stash of talo soap. And I told him that once we get through

810
01:04:40,023 --> 01:04:45,883
it, I'll be buying from him. He graciously offered to send me a couple bars. And so I will be getting

811
01:04:45,883 --> 01:04:51,783
those and and then I will be trying them out for sure man I've uh I'm about six months into lather

812
01:04:51,783 --> 01:04:58,443
I just walk around bubbly uh I even take them on trips like I'll bag it and tag it and uh

813
01:04:58,443 --> 01:05:04,543
throw it in my my luggage because I don't want to deal with uh you know a hotel's uh so yeah I

814
01:05:04,543 --> 01:05:11,643
bring I bring the the soap as well same with I got the you know all natural rosemary infused shampoo

815
01:05:11,643 --> 01:05:18,503
stuff, you know, no chemicals in it as well. I bring that up. But the tallow soap, we do use

816
01:05:18,503 --> 01:05:23,083
tallow soap. It's not Soap Miner's tallow soap, and I'm sure it's inferior. I know it's inferior.

817
01:05:23,703 --> 01:05:29,483
But man, I'll tell you what, shaving with that stuff, get a nice straight edge blade and some

818
01:05:29,483 --> 01:05:34,983
tallow soap on your face. Do yourself a favor. Yeah. Well, and I think it just, it strikes that,

819
01:05:34,983 --> 01:05:39,543
you know, we're creating circular economies or we're reaching out, but there are quality

820
01:05:39,543 --> 01:05:46,523
products too. It's not like they're desperate. It just happens to be, you know, plebs making

821
01:05:46,523 --> 01:05:52,263
things for other plebs is, there's a lot of proof of work there and we appreciate it.

822
01:05:52,263 --> 01:05:56,123
A hundred percent. And that's why people keep coming back. You know, I talked to

823
01:05:56,123 --> 01:06:04,903
Ben Justman. I'm a subscriber to his, excuse me, his wine club now. I send it to family members

824
01:06:04,903 --> 01:06:09,423
for birthdays and Father's Days and Christmas presents.

825
01:06:10,123 --> 01:06:12,203
And it's because these things are good.

826
01:06:12,743 --> 01:06:16,963
And it's awesome because I know no one in my family has ever heard of it.

827
01:06:17,623 --> 01:06:19,163
My friends have never heard of it.

828
01:06:19,243 --> 01:06:20,623
And then I get to send it to them.

829
01:06:21,063 --> 01:06:23,743
And then I blow them away with how good this stuff is.

830
01:06:23,943 --> 01:06:28,823
And it's so cool to see other people appreciate a good quality product

831
01:06:28,823 --> 01:06:29,903
that they've never heard of.

832
01:06:30,303 --> 01:06:32,923
And that's why these people are known.

833
01:06:33,063 --> 01:06:34,163
That's why they're successful.

834
01:06:34,163 --> 01:06:35,323
That's why they're doing well.

835
01:06:35,423 --> 01:06:50,618
And that the exact story I want to tell is that when you building a quality product when you open yourself up to the Bitcoin community they will reward you if you making something good And you will make a quality product

836
01:06:50,618 --> 01:06:53,058
if you have that ethos, right,

837
01:06:53,258 --> 01:06:56,518
of bringing back those values,

838
01:06:56,638 --> 01:06:59,658
which is why most people become Bitcoiners in the first place.

839
01:07:01,098 --> 01:07:02,178
A hundred percent.

840
01:07:02,438 --> 01:07:07,458
I mean, we're in this, I don't know if you want to call it,

841
01:07:07,518 --> 01:07:08,838
a honeymoon phase or whatever.

842
01:07:08,918 --> 01:07:13,478
where the people that are drawn to Bitcoin inherently care about quality.

843
01:07:13,758 --> 01:07:16,118
And eventually one day Bitcoin will just be the money

844
01:07:16,118 --> 01:07:18,138
and then we'll have a bunch of crappy products

845
01:07:18,138 --> 01:07:21,038
and everything we have today anyways.

846
01:07:21,178 --> 01:07:26,878
But right now it's almost like a selecting, a sorting mechanism

847
01:07:26,878 --> 01:07:31,418
where if you see someone's accepting Bitcoin and they're serious about it

848
01:07:31,418 --> 01:07:36,258
and it's not just some marketing ploy or immediately converted to fiat,

849
01:07:36,258 --> 01:07:39,158
But hey, we take Bitcoin seriously.

850
01:07:39,358 --> 01:07:40,818
We store it on our balance sheet.

851
01:07:41,498 --> 01:07:45,938
It is a 99.9% chance that's a really good product you're going to be getting.

852
01:07:48,658 --> 01:07:50,558
Avi, what are you going to sell?

853
01:07:51,398 --> 01:07:53,878
Get a cow, maybe do some raw milk?

854
01:07:55,878 --> 01:07:58,438
Yeah, I still need to think about that.

855
01:07:59,438 --> 01:08:01,058
Yeah, with all my free time.

856
01:08:01,318 --> 01:08:04,098
Maybe be stiff competition for Yarn Lady.

857
01:08:05,358 --> 01:08:06,078
Oh, yeah.

858
01:08:06,078 --> 01:08:13,338
I was thinking about Buffalo because they produce A2 milk, which is a lot better for you than the A1 crap that we get.

859
01:08:13,718 --> 01:08:14,918
Yeah, that's what my wife drinks.

860
01:08:15,278 --> 01:08:16,318
And you got a son too.

861
01:08:16,418 --> 01:08:19,078
You can get him to teating, you know.

862
01:08:21,438 --> 01:08:21,878
Right.

863
01:08:23,998 --> 01:08:26,618
I would love to see that he is a raw milk salesman.

864
01:08:28,358 --> 01:08:35,218
Well, I've called him before and he was on the road going to pick up some in some undisclosed location.

865
01:08:36,018 --> 01:08:37,898
Yeah, we have a place here.

866
01:08:38,078 --> 01:08:39,418
It's an Amish place.

867
01:08:39,638 --> 01:08:44,238
And you have to sign a form that, A, you're not on bed, and B, it's for your pet.

868
01:08:47,898 --> 01:08:50,878
Yeah, we have to sign at this place, too.

869
01:08:51,138 --> 01:08:52,978
It's about 20 minutes away from where I live.

870
01:08:53,278 --> 01:08:56,638
And they have, I mean, you don't have to sign it.

871
01:08:56,938 --> 01:08:59,478
It's the really cool thing about some of these farms.

872
01:08:59,478 --> 01:09:03,338
They don't accept Bitcoin, but there's no one there, right?

873
01:09:03,338 --> 01:09:08,218
You go to the fridge, you pick up the milk, and you put the money in, five bucks per gallon.

874
01:09:08,318 --> 01:09:12,278
You put that into a little slit, and it falls into a box.

875
01:09:12,418 --> 01:09:18,558
And then you're supposed to sign your name there because according to New York state law, they're supposed to keep track of everyone who bought it.

876
01:09:18,598 --> 01:09:21,838
But zero enforcement of any of this.

877
01:09:22,058 --> 01:09:22,578
So it's great.

878
01:09:24,198 --> 01:09:26,018
It's run by the CCP, Avi.

879
01:09:26,138 --> 01:09:28,778
It's all facial recognition is your payment.

880
01:09:28,778 --> 01:09:34,578
Even worse, when you put your fingers in that slit, it's actually taking your fingerprints.

881
01:09:37,058 --> 01:09:41,378
They want to know who the ungovernables are through the form of raw milk.

882
01:09:43,758 --> 01:09:44,578
Could be.

883
01:09:45,338 --> 01:09:50,238
So, Brandon, talk about your time in Prague for BTC Prague.

884
01:09:50,338 --> 01:09:51,338
Was this your first time there?

885
01:09:51,618 --> 01:09:53,218
It was my first time there.

886
01:09:53,218 --> 01:09:58,198
And I'm actually a little bummed out that you said the last two years were even better.

887
01:09:58,198 --> 01:09:59,758
because I thought it was incredible.

888
01:10:00,038 --> 01:10:01,278
It was my first time.

889
01:10:01,658 --> 01:10:02,938
I was blown away.

890
01:10:03,418 --> 01:10:07,418
You did mention that there were kind of the NGU,

891
01:10:07,658 --> 01:10:09,118
maybe suit coiners there.

892
01:10:09,118 --> 01:10:14,898
But I mean, I guess maybe coming from Orlando and Vegas in May,

893
01:10:15,018 --> 01:10:16,118
I was a little jaded.

894
01:10:16,398 --> 01:10:20,098
But I felt like very little of that there.

895
01:10:20,338 --> 01:10:22,958
And I thought it was very high signal.

896
01:10:22,958 --> 01:10:31,058
and uh you know i ended up uh in in the lounge talking to luke dash jr and peter todd and not

897
01:10:31,058 --> 01:10:35,138
even realizing it until about three minutes into our conversation they probably thought i was the

898
01:10:35,138 --> 01:10:41,618
biggest tart on the planet but i i just i thought it was so cool i thought it was so well done

899
01:10:41,618 --> 01:10:48,378
it it was a this the size of the space was like exactly perfect for the amount of people that were

900
01:10:48,378 --> 01:10:54,278
there and I just love the fact that you could go outside and get some sunshine real easily

901
01:10:54,278 --> 01:11:01,358
and I just I really enjoyed it did you happen to use the promo code NOSTER to get your tickets

902
01:11:01,358 --> 01:11:11,098
uh as as a uh speaker that Madius finally kindly gave me a ticket so sorry Avi didn't work on him

903
01:11:11,098 --> 01:11:18,138
yeah yeah the discount code NOSTER didn't uh work too well this year uh unfortunately there

904
01:11:18,138 --> 01:11:22,438
wasn't that much NOSTA stuff though which is a little disappointing Brandon maybe there was a few

905
01:11:22,438 --> 01:11:29,158
mentions of NOSTA here and there but I I don't I don't think there were any prominent NOSTA talks

906
01:11:29,158 --> 01:11:36,138
this year I I don't recall any yeah it was it was all bitcoin um which I guess for a bitcoin

907
01:11:36,138 --> 01:11:43,318
conference is to be expected but the primal booth was nice um but that was one only one

908
01:11:43,318 --> 01:11:50,418
client. So I agree. I, I'm sure I'm like both you guys. We always want more Noster content, but,

909
01:11:50,418 --> 01:11:55,238
um, unfortunately we, we don't get as much as we want.

910
01:11:55,658 --> 01:11:57,518
Did you bring the fan? You brought the family?

911
01:11:58,058 --> 01:12:05,598
I did. I brought my wife and my five month old. And, uh, unfortunately the five month old was,

912
01:12:05,678 --> 01:12:12,998
was not cooperating at the venue. So, but other than that, we'll have to meet in, uh,

913
01:12:12,998 --> 01:12:15,338
Madeira

914
01:12:15,338 --> 01:12:17,278
at the next halving.

915
01:12:18,178 --> 01:12:19,098
What year is that?

916
01:12:19,318 --> 01:12:20,278
The next one, Avi?

917
01:12:20,378 --> 01:12:21,478
28, I think.

918
01:12:22,498 --> 01:12:23,278
28, yeah.

919
01:12:23,718 --> 01:12:25,898
I saw Rob Brindon

920
01:12:25,898 --> 01:12:28,498
did a little note on Noster.

921
01:12:28,758 --> 01:12:30,118
He was a little disappointed

922
01:12:30,118 --> 01:12:31,758
with the kids area.

923
01:12:32,118 --> 01:12:34,318
There wasn't enough content for kids.

924
01:12:34,678 --> 01:12:36,198
There wasn't.

925
01:12:36,758 --> 01:12:38,438
Yeah, but then I also

926
01:12:38,438 --> 01:12:39,998
saw a video of kids

927
01:12:39,998 --> 01:12:42,338
getting on buses, heading to the

928
01:12:42,338 --> 01:12:42,758
event.

929
01:12:43,418 --> 01:12:44,518
So that was

930
01:12:44,518 --> 01:12:44,918
different.

931
01:12:45,238 --> 01:12:46,698
So for the kids

932
01:12:46,698 --> 01:12:47,618
who come there

933
01:12:47,618 --> 01:12:48,518
with their parents,

934
01:12:50,238 --> 01:12:50,598
they usually,

935
01:12:50,998 --> 01:12:51,598
last year they

936
01:12:51,598 --> 01:12:52,918
had this place

937
01:12:52,918 --> 01:12:53,258
where they were

938
01:12:53,258 --> 01:12:54,118
selling zap me

939
01:12:54,118 --> 01:12:54,598
buttons.

940
01:12:54,958 --> 01:12:56,038
They had a video

941
01:12:56,038 --> 01:12:56,598
game area,

942
01:12:56,738 --> 01:12:56,998
which is,

943
01:12:57,078 --> 01:12:58,218
you can say

944
01:12:58,218 --> 01:12:59,378
where should

945
01:12:59,378 --> 01:13:00,338
kids really be

946
01:13:00,338 --> 01:13:00,818
playing video

947
01:13:00,818 --> 01:13:01,038
games.

948
01:13:01,258 --> 01:13:02,338
But at least

949
01:13:02,338 --> 01:13:03,018
they thought about

950
01:13:03,018 --> 01:13:03,398
the kids.

951
01:13:03,538 --> 01:13:03,798
And then,

952
01:13:03,838 --> 01:13:04,098
you know,

953
01:13:04,138 --> 01:13:04,658
same with the

954
01:13:04,658 --> 01:13:05,058
previous year.

955
01:13:05,318 --> 01:13:05,778
This year there

956
01:13:05,778 --> 01:13:06,378
wasn't.

957
01:13:06,378 --> 01:13:06,858
I think,

958
01:13:07,018 --> 01:13:08,078
and maybe the

959
01:13:08,078 --> 01:13:08,658
suit coiners

960
01:13:08,658 --> 01:13:09,158
have something

961
01:13:09,158 --> 01:13:09,818
to do with it.

962
01:13:10,058 --> 01:13:10,618
They wanted to

963
01:13:10,618 --> 01:13:11,578
keep it sort of

964
01:13:11,578 --> 01:13:14,898
prim and proper so that the suits don't get upset, I guess.

965
01:13:16,518 --> 01:13:21,098
Yeah, I mean, at the same time, you know, I can't really blame them.

966
01:13:21,438 --> 01:13:23,598
That's not their job necessarily.

967
01:13:24,258 --> 01:13:30,598
I understood the perils that came with bringing a baby to the event for sure.

968
01:13:30,838 --> 01:13:31,578
And it's Europe.

969
01:13:31,698 --> 01:13:33,238
They don't use air conditioning over there.

970
01:13:33,318 --> 01:13:34,898
So, of course, it's going to be too hot.

971
01:13:35,678 --> 01:13:37,498
There's no ice in the waters, right?

972
01:13:37,958 --> 01:13:40,278
No ice in the water, no air conditioning.

973
01:13:41,578 --> 01:13:44,038
Yeah, oh, and when you did ask for ice in anything,

974
01:13:44,178 --> 01:13:45,238
I mean, they gave you, like,

975
01:13:45,578 --> 01:13:48,018
they tried to, like, cut a cube in half with a butter knife

976
01:13:48,018 --> 01:13:48,698
and give it to you.

977
01:13:48,758 --> 01:13:52,498
They were quite stingy with the ice.

978
01:13:53,918 --> 01:13:57,638
But I will say, Brandon, the weather was perfect for those.

979
01:13:57,638 --> 01:13:58,298
Oh, unbelievable.

980
01:13:59,238 --> 01:13:59,458
Yeah.

981
01:13:59,878 --> 01:14:03,258
Yeah, and again, these are minor complaints.

982
01:14:03,558 --> 01:14:06,998
You know, 98% of it was just a 10 out of 10.

983
01:14:07,478 --> 01:14:11,438
So I was just really impressed with it.

984
01:14:11,578 --> 01:14:16,438
And in my opinion, it's the best Bitcoin conference I've been to.

985
01:14:16,438 --> 01:14:21,058
I think, Avi, you said at the beginning, there is no second best.

986
01:14:22,258 --> 01:14:28,198
Well, I'm looking forward to the day when our children are pushing us around in a wheelchair at Bitcoin conferences.

987
01:14:29,298 --> 01:14:34,318
I mean, you think really by the time we need a wheelchair that our kids are going to have to push it?

988
01:14:34,558 --> 01:14:38,878
We're going to have like a chip in our brain where we just think about moving in a direction.

989
01:14:38,878 --> 01:14:39,138
in.

990
01:14:40,918 --> 01:14:42,838
Or a robot will be pushing us.

991
01:14:43,618 --> 01:14:44,558
It's true.

992
01:14:45,658 --> 01:14:47,158
Avi's AI, Avi.

993
01:14:48,498 --> 01:14:48,898
Listen,

994
01:14:49,178 --> 01:14:50,998
we don't eat seed oils.

995
01:14:51,178 --> 01:14:52,978
We drink raw milk. We eat

996
01:14:52,978 --> 01:14:55,058
only steak. Sometimes

997
01:14:55,058 --> 01:14:57,098
raw steak. Do you

998
01:14:57,098 --> 01:14:58,338
really think we're going to need a wheelchair?

999
01:14:59,678 --> 01:15:00,218
It's true.

1000
01:15:00,838 --> 01:15:02,338
We're going to die

1001
01:15:02,338 --> 01:15:04,298
cutting a sirloin in half.

1002
01:15:06,118 --> 01:15:07,098
A hundred years

1003
01:15:07,098 --> 01:15:08,738
from now, yes. Yeah, exactly.

1004
01:15:08,878 --> 01:15:14,818
so you know you were you mentioned you were part of the early NOSTA wave

1005
01:15:14,818 --> 01:15:21,158
Brandon uh have so QW and I came in that December as well right around

1006
01:15:21,158 --> 01:15:27,398
pretty much the same time uh I joined the day after Jack announced it I think December 15th

1007
01:15:27,398 --> 01:15:35,838
or something like that 22 uh what have you noticed about NOSTA's evolution between then

1008
01:15:35,838 --> 01:15:42,678
I mean, the highs and lows, and do you feel like we're in some kind of Noster bear market right now?

1009
01:15:43,898 --> 01:15:50,038
I honestly don't, because I try to follow as many people as I can.

1010
01:15:50,458 --> 01:15:56,718
I try to, Noster is something that actually takes some effort on the user's part,

1011
01:15:56,918 --> 01:15:59,038
and that's a huge part of why I like it.

1012
01:15:59,158 --> 01:16:02,298
Like, you actually have to put the work in to get stuff out of it.

1013
01:16:02,298 --> 01:16:10,318
and I think there was, you know, in terms of the ups and downs,

1014
01:16:10,438 --> 01:16:12,418
I think there was a lot of excitement of like,

1015
01:16:12,498 --> 01:16:14,278
oh, hey, I'm just going to get on this thing.

1016
01:16:14,358 --> 01:16:15,458
It's just going to be Twitter,

1017
01:16:15,918 --> 01:16:21,198
except I'm not going to be beholden to whatever administration's in place

1018
01:16:21,198 --> 01:16:24,078
or Jack Dorsey or Elon Musk.

1019
01:16:24,738 --> 01:16:27,938
And that's just not really what Nostra is.

1020
01:16:27,938 --> 01:16:29,798
Like you have to put in the effort.

1021
01:16:29,798 --> 01:16:31,718
you have to put into the time.

1022
01:16:32,758 --> 01:16:47,474
And I think a lot of people came and got disillusioned by that and just left And they were super excited at the beginning and then it was reality sort of dawned on them that they actually had to do something to be a part of Noster

1023
01:16:48,334 --> 01:16:55,854
And so to me, even the bears or even the quote-unquote Noster bear markets are great

1024
01:16:55,854 --> 01:16:58,794
because, in my opinion, we're just kind of weeding out people

1025
01:16:58,794 --> 01:17:01,414
that I don't really want there anyways.

1026
01:17:01,414 --> 01:17:12,014
I really value the people that put in the time and effort on Noster and are willing to work through everything that is Noster.

1027
01:17:12,014 --> 01:17:18,574
And yeah, you know what? The flow is not perfect. The UX isn't 100% great, but that's kind of why I like it.

1028
01:17:18,634 --> 01:17:23,474
It's rough and rugged and it's on you to make the most of your experience.

1029
01:17:23,474 --> 01:17:29,414
and the people I find that come and complain about Noster are the ones who don't want to

1030
01:17:29,414 --> 01:17:38,854
put the time and effort in to make their own experience so I I like the people that are on

1031
01:17:38,854 --> 01:17:49,054
Noster because it is it's not super easy it's not boomerized it's not you just point click

1032
01:17:49,054 --> 01:17:53,314
something and then you're on there doing all the things that you were doing on your other platforms

1033
01:17:53,314 --> 01:18:15,494
So I think it's exciting. I think it's very obvious that signed messages, cryptography to sign messages is where the future is heading. It has to be because there's not going to be any other way to decipher between what's real and what's not other than someone putting it out.

1034
01:18:15,494 --> 01:18:18,174
and ultimately it will come down to the rep.

1035
01:18:18,254 --> 01:18:22,554
Anyone can sign a fake AI image or video or whatever,

1036
01:18:22,994 --> 01:18:25,794
but reputation will become paramount

1037
01:18:25,794 --> 01:18:29,714
and you basically get one shot at it as an individual.

1038
01:18:30,914 --> 01:18:34,154
And I'm excited for the future,

1039
01:18:34,374 --> 01:18:38,014
but I don't think we're in any necessarily lull or anything.

1040
01:18:38,134 --> 01:18:40,054
I add to my follower count every day.

1041
01:18:40,234 --> 01:18:44,914
I find more people on Noster that I didn't know existed before.

1042
01:18:44,914 --> 01:18:48,014
And so for me, it's always up and to the right on Noster.

1043
01:18:49,074 --> 01:18:55,914
Yeah. And the importance of communication on a protocol, just with sessions yesterday.

1044
01:18:56,814 --> 01:18:57,334
Yeah.

1045
01:18:57,474 --> 01:18:59,914
BTC sessions getting rugged from his YouTube.

1046
01:19:01,194 --> 01:19:03,714
It's kind of funny to me, though, because I saw him.

1047
01:19:04,014 --> 01:19:07,634
He did like Twitter spaces about getting rugged.

1048
01:19:07,814 --> 01:19:11,594
He was on another platform talking about getting rugged on another platform.

1049
01:19:11,594 --> 01:19:14,714
And then he says, hey, follow me on this other platform.

1050
01:19:14,914 --> 01:19:18,294
And to his credit, he said, follow me on Nostra too.

1051
01:19:18,434 --> 01:19:22,834
But it's kind of like everybody on Nostra, we just kind of point like, see, see, see.

1052
01:19:25,714 --> 01:19:35,174
Once we have that hyper-Nostra vacation, it's going to be something where this is the home.

1053
01:19:35,174 --> 01:19:41,854
It's just a matter of when, how much tyranny do you need.

1054
01:19:41,854 --> 01:19:49,454
you know with sessions it's a it's a special case though kW which is he's an educator and he needs

1055
01:19:49,454 --> 01:19:56,534
to go where where the people are right if he if he only i don't i don't blame him it's like you

1056
01:19:56,534 --> 01:20:04,114
know it's not like he's going to you know nost or nest to talk about it with 13 people or zap.stream

1057
01:20:04,114 --> 01:20:09,454
right now with let's say seven uh he's he's gotta he's gotta find the the loudest microphone

1058
01:20:09,454 --> 01:20:15,974
yeah i don't blame anyone for being on other platforms but it comes down to just you know

1059
01:20:15,974 --> 01:20:24,054
why building here is so important yes exactly and and and this will be maybe maybe it's not

1060
01:20:24,054 --> 01:20:30,314
five years maybe it's not 10 years but the the internet and the interlocking of protocols

1061
01:20:30,314 --> 01:20:38,134
being able to be built on top of nostril it to me it's so obvious that that's just how

1062
01:20:38,134 --> 01:20:40,454
of cyberspace is going to have to function.

1063
01:20:40,714 --> 01:20:42,574
You will need the Nostra protocol

1064
01:20:42,574 --> 01:20:46,494
to have a functioning web, in my opinion.

1065
01:20:48,614 --> 01:20:51,534
Yeah, I believe so as well.

1066
01:20:52,734 --> 01:20:54,154
So Brandon, what's next?

1067
01:20:55,594 --> 01:20:58,494
Man, just getting out there,

1068
01:20:58,634 --> 01:20:59,754
getting the word out there,

1069
01:20:59,854 --> 01:21:02,334
I would just ask anyone listening,

1070
01:21:02,594 --> 01:21:03,414
any of the plebs,

1071
01:21:03,414 --> 01:21:05,094
if you know a business,

1072
01:21:05,434 --> 01:21:07,694
if you have a family member,

1073
01:21:07,694 --> 01:21:12,954
a high net worth individual, just come to, and you don't feel like doing all the heavy lifting

1074
01:21:12,954 --> 01:21:18,834
and, or don't feel comfortable doing it. Maybe you're a couple of years into a Bitcoiner and

1075
01:21:18,834 --> 01:21:25,314
you don't have the tens of thousands of hours that some of us on our team have put into it.

1076
01:21:25,374 --> 01:21:31,094
And you'd rather give it to people that feel more comfortable doing it. I would just ask,

1077
01:21:31,174 --> 01:21:36,894
just please come to the website, send people our way. And what's next for us is we're just

1078
01:21:36,894 --> 01:21:41,674
going to get out there and i was telling uh our team i don't i don't do either of you guys watch

1079
01:21:41,674 --> 01:21:51,794
the show bosh uh on prime no i don't it's a stupid cop show i need to watch the road now and maybe

1080
01:21:51,794 --> 01:21:57,374
bosh yeah the road is definitely uh i was looking for recommendations but i'm also looking for time

1081
01:21:57,374 --> 01:22:03,354
too to watch it i i wouldn't waste your time with bosh it's just i'm currently on watching like kid

1082
01:22:03,354 --> 01:22:11,434
shows and stuff. My life revolves around a two-year-old dictator. I'm about to be there,

1083
01:22:11,594 --> 01:22:18,774
so I'm soaking it in during nap time while I can. I actually read a book when he was taking

1084
01:22:18,774 --> 01:22:28,334
nap times. There's no silence. Yeah, exactly. It's a silly caption. It's actually one of the

1085
01:22:28,334 --> 01:22:32,354
better ones. It's kind of well done. There's some decent dialogue. Titus Welliver is actually a good

1086
01:22:32,354 --> 01:22:42,574
But he's got a sign in his cubicle and then later in his house that says, get off your ass and start knocking on doors.

1087
01:22:43,114 --> 01:22:48,714
And that's basically our call to action is getting off our ass and knocking on doors.

1088
01:22:50,474 --> 01:22:51,214
Love it.

1089
01:22:52,434 --> 01:22:54,114
Anything else you want to plug, Brandon?

1090
01:22:54,714 --> 01:22:55,274
No.

1091
01:22:55,974 --> 01:22:58,574
I appreciate you guys having me on, Avi.

1092
01:22:58,574 --> 01:23:01,334
I loved chatting in Prague.

1093
01:23:01,334 --> 01:23:05,594
and I always just feel like these conversations could go on for hours,

1094
01:23:05,674 --> 01:23:08,314
and they usually do, and they're cut short by something.

1095
01:23:08,794 --> 01:23:11,914
But I really appreciate you guys having me on.

1096
01:23:12,014 --> 01:23:14,954
I love the program, love listening to you guys,

1097
01:23:14,954 --> 01:23:20,534
and Avi, you're a wordsmith, a literary savant.

1098
01:23:21,114 --> 01:23:26,074
I appreciate all your work, and QW, appreciate your hosting of the show

1099
01:23:26,074 --> 01:23:28,394
and always keeping things rolling.

1100
01:23:28,554 --> 01:23:29,554
You keep a good flow.

1101
01:23:29,754 --> 01:23:30,474
I love it.

1102
01:23:31,334 --> 01:23:34,014
well thank you Brandon

1103
01:23:34,014 --> 01:23:36,054
appreciate you taking the time

1104
01:23:36,054 --> 01:23:37,874
and sharing your wisdom with us

1105
01:23:37,874 --> 01:23:39,654
QW do you want to take us home

1106
01:23:39,654 --> 01:23:42,494
just curious what is the website

1107
01:23:42,494 --> 01:23:44,174
again? oh yeah sorry

1108
01:23:44,174 --> 01:23:46,034
I probably should have given that out when you

1109
01:23:46,034 --> 01:23:48,114
prompted me I'm trying to search it

1110
01:23:48,114 --> 01:23:50,634
trying to spell it right

1111
01:23:50,634 --> 01:23:51,734
yeah that's it

1112
01:23:51,734 --> 01:23:55,354
it's sovereign S-O-V-R-E-I-G-N

1113
01:23:55,354 --> 01:23:57,094
so sovereign without the first E

1114
01:23:57,094 --> 01:23:57,974
dot IO

1115
01:23:57,974 --> 01:24:00,774
and there's a story

1116
01:24:00,774 --> 01:24:06,394
behind the name and all that but um well i will definitely throw it in the show notes so yes

1117
01:24:06,394 --> 01:24:12,674
anybody appreciate that um we're on uh but the website's definitely the best place to go we have

1118
01:24:12,674 --> 01:24:18,834
a official account on nostr as well that i'm trying to run i'm doing a terrible job of it um

1119
01:24:18,834 --> 01:24:26,834
if if anyone out there has any interest in uh doing some social media work uh unfortunately uh

1120
01:24:26,834 --> 01:24:30,574
We don't exactly have coins knocking around right now,

1121
01:24:30,854 --> 01:24:35,114
but we definitely could use some help in that area, that's for sure.

1122
01:24:35,574 --> 01:24:40,214
And then on Twitter and LinkedIn as well

1123
01:24:40,214 --> 01:24:43,794
are probably the other couple places we do interact.

1124
01:24:45,574 --> 01:24:49,834
Brandon, are you a portmonto enjoyer?

1125
01:24:50,634 --> 01:24:56,754
Because Sovereign could well be a portmonto of store of value and Sovereign.

1126
01:24:56,834 --> 01:25:02,314
So it is a pseudo portmanteau, I would say.

1127
01:25:02,834 --> 01:25:06,134
Yes, it is store of value, and then rain is king.

1128
01:25:06,574 --> 01:25:15,814
So it's the king of store of value was the basis behind calling it that.

1129
01:25:16,334 --> 01:25:19,714
And sovereign with an E was taken, so that was a big part of it.

1130
01:25:20,714 --> 01:25:24,194
Yeah, it was $1.99 on Namecheap instead of...

1131
01:25:24,194 --> 01:25:27,514
Yeah, we couldn't afford a copyright lawsuit.

1132
01:25:27,954 --> 01:25:29,294
You got to stack sass, man.

1133
01:25:29,614 --> 01:25:34,054
I like to have fun with my Bitcoins, but not on domains.

1134
01:25:34,254 --> 01:25:38,334
We got to keep our corporate treasury, our Bitcoin treasury status.

1135
01:25:40,154 --> 01:25:41,634
Well, thank you very much.

1136
01:25:42,034 --> 01:25:43,814
It was obviously your plan.

1137
01:25:43,814 --> 01:25:45,334
We can talk.

1138
01:25:45,614 --> 01:25:49,594
I mean, conversations like this is why I go to Bitcoin events.

1139
01:25:49,594 --> 01:25:56,014
It's just a lot of synergy, just a lot of learning in between us.

1140
01:25:56,714 --> 01:25:58,474
And I really appreciated it.

1141
01:25:58,794 --> 01:26:02,974
And anybody listening, thank you very much, first off.

1142
01:26:03,054 --> 01:26:09,694
Second off, if you appreciated it or if you appreciate us, hit the subscribe on Fountain.

1143
01:26:10,514 --> 01:26:15,854
It's the new premium feature, and we really appreciate any of that.

1144
01:26:15,854 --> 01:26:25,994
But next week we're actually going to be on Thursday because 4th of July and my wife and I's anniversary is next Friday.

1145
01:26:26,234 --> 01:26:30,334
So we will see you on Thursday and hope to see you there.

1146
01:26:32,174 --> 01:26:32,654
Goodbye.